19 August 2020
Shock leap in inflationDespite the Bank of England predicting inflation would fall to near zero this year as a result of Covid-19, the rate has leapt this summer from 0.6% in June to 1% in July. Rising fuel prices, following the oil price slump earlier this year, have helped to push prices up.
What’s more, the lack of summer sales on the high street mean that clothing...